The European Union will impose tariffs on US$4 billion of American goods starting on Tuesday in a tit-for-tat escalation of a transatlantic fight over illegal aid to aircraft manufacturers Boeing and Airbus.EU trade chief Valdis Dombrovskis on Monday expressed a preference to negotiate a settlement, saying the bloc would drop its duties if the US removes levies it imposed in 2019 on US$7.5 billion of EU products. Both sets of import taxes are part of a dispute that began 16 years ago.The EU…


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